Metaplanet Issues $25 Million in Bonds to Expand Bitcoin Holdings
Tokyo-based firm Metaplanet has issued 3.6 billion yen (about $24.8 million) worth of bonds to fund its Bitcoin (BTC) purchases, further strengthening its aggressive strategy to accumulate the leading cryptocurrency.
The company announced that the zero-interest bonds due on October 31, 2025 have been fully acquired by EVO FUND, a well-known player in digital asset investments.
This move comes just after Metaplanet announced that its Bitcoin holdings had surpassed 5,000 BTC, solidifying its position as one of the largest institutional BTC holders in Asia.
Metaplanet said the bonds will be repaid from proceeds generated by the exercise of share purchase rights, which are essentially options granted by investors to purchase shares at a specific price.
This financial mechanism was part of a broader strategy announced earlier this year to finance Bitcoin purchases through equity-linked instruments rather than traditional debt or cash flow.
The company also reserved the right to redeem the bonds early if the capital raised from these rights exceeds predetermined thresholds.
This latest move sees Metaplanet reinforce its commitment to Bitcoin as a treasury asset, following in the footsteps of US-based MicroStrategy. The strategy also appears to be well-received by investors. Metaplanet shares closed up 8.6% at 428 yen on the last trading day.
The company’s Bitcoin-focused financial moves come amid a resurgence of institutional interest in digital assets, particularly in Asia, where regulatory frameworks supporting the adoption of cryptocurrencies are increasingly widespread.
With over $470 million in BTC on its balance sheet and fresh capital earmarked for future acquisitions, Metaplanet is solidifying its position as a regional Bitcoin pioneer, a position rarely seen among traditional Japanese companies.
*This is not investment advice.